Stochastic Methods - A Handbook for the Natural and Social Sciences (Paperback, Softcover reprint of hardcover 4th ed. 2009)

This classic text and reference collects, in simple language and deductive form, the many formulae and methods that can be found in the scientific literature on stochastic methods. To be useful to students and practioners as a practical tool, the book is written without excessive mathematical rigour, yet restricted to those methods and approximations thereof, that can be systematized and controlled in a quantitative way. Over time, new editions have been expanded in scope for a widening readership that now encompasses all of the quantitative natural and social sciences. This fourth edition has been thoroughly updated and restructured, and features a large amount of entirely new material, including but not limited to aspects of driven stochastic systems, the application and validity of simulation methods as well as applications to financial markets.

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